Sarsys AB (NGM:SARS) ROCE % : -84.23% (As of Dec. 2023)

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What is Sarsys AB ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Sarsys AB's annualized ROCE % for the quarter that ended in Dec. 2023 was -84.23%.

Sarsys AB ROCE % Historical Data

The historical data trend for Sarsys AB's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Sarsys AB ROCE % Chart

Sarsys AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.82

6.48

-37.71

-33.32

-23.52

Sarsys AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-43.60	-1.14	-29.02	14.62	-84.23

Sarsys AB ROCE % Calculation

Sarsys AB's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-4.086	/	( ( (47.536 - 26.713)	+	(43.616 - 29.696) )	/ 2 )
	=	-4.086	/	( (20.823	+	13.92)	/ 2 )
	=	-4.086	/	17.3715
	=	-23.52 %

Sarsys AB's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-13.496	/	( ( (52.892 - 34.768)	+	(43.616 - 29.696) )	/ 2 )
	=	-13.496	/	( ( 18.124	+	13.92 )	/ 2 )
	=	-13.496	/	16.022
	=	-84.23 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Sarsys AB (NGM:SARS) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Sarsys AB ROCE % Related Terms

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Sarsys AB (NGM:SARS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sarsys AB (NGM:SARS) » Definitions » ROCE %

Comparable Companies

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N/A

Address

Piledalsvagen 51, Box 31, Kopingebro, SWE, 271 73

Website

https://www.sarsys-asft.com

Sarsys AB formerly SARSYS-ASFT AB is a developer and manufacturer of Continuous Friction Measuring Equipment and provider of cutting-edge ITS and Road/Runway Weather Information System. ASTF products include Volvo XC60/V90 Friction Tester, VW Sharan Friction, Skoda Octavia Friction, T-5 Trailer Friction, and T2GO Friction Tester. SARSYS products include Sarsys Volvo Friction Tester (V90), Sarsys Opel Friction, Sarsys Friction Tester Transporter, and Sarsys Trailer Friction Tester. The products include computerized technology for monitoring factors such as friction, freezing points, early ice warning-systems, precipitation, groundfrost, ice deposit growth, camera-surveillance systems among others.

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